Karl Company Has Total Assets of $170,000 and Total Liabilities

question 40

Multiple Choice

Karl Company has total assets of $170,000 and total liabilities of $110,000.The company's debt-to-equity ratio is closest to which of the following?

• A) 0.33 to 1.
• B) 0.39 to 1.
• C) 0.65 to 1.
• D) 1.83 to 1.

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